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BlackRock, the global investment management company, states that it assumes a wider role for cryptocurrencies in the future, and that blockchain have promise but it is not without obstacles. 26.Feb.18 11:40 PM By Daria Zaytseva Photo Toinnov.com 357 | |
The positive, but cautious remarks were part of the Global Weekly Commentary firm, published on Monday by world investment strategist Richard Turnill.
He believes that cryptocurrency should be considered only by those who can potentially suffer full losses. Likewise, blockchain needs to overcome significant obstacles to achieve its promising future. However, yesterday BlackRock’s CEO Larry Fink struck a different tone last fall, and approved the potential of cryptocurrencies, calling himself "a big believer" in their prospects. Commentary of BlackRock suggests that it is unlikely to move on cryptocurrency soon, and it had previously rejected the idea of a bitcoin exchange-traded fund. Nevertheless, its further actions remain to be determined, as the market is developing, according to Turnill. |